Government Code – GOVTITLE INFRASTRUCTURE FINANCE [63000 – 64132] ( Title added by Stats. 1994, Ch. 94, Sec. 1. ) DIVISION 1. THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT [63000 – 63089. 98] ( Heading of Division 1 amended (according to Stats. 94) by Stats. 749, Sec. ) CHAPTER 6. Small Business Financial Assistance Act of 2013 [63088 – 63089. 98] ( Chapter 6 added by Stats. 2013, Ch. 537, Sec. 4. ) ARTICLE 7. Interest rates [6- 63089. 71] ( Article 7 added by Stats. ) 6 (a) The Small Business Expansion Fund, which is hereby continued in existence, shall, among other things, provide guarantees to loans provided by financial institutions and financial companies to small businesses. (b) The Legislature finds and declares that the Small Business Loan Guarantee Program has empowered participating small businesses which don’t qualify for conventional small business loans Small Business Administration loans to secure funds to expand their own companies. All these little businesses wouldn’t have been able to expand their companies in the absence of the program. The program also has provided valuable technical aid to small companies to guarantee growth and stability. The analysis commissioned by former Section 1of the Corporations Code, as added by Chapter 919 of the Statutes of 1997, recorded that the return to investment of the program and the demand for the services. The worth of the program continues in focus fort institute of photography | warsaw insider to be acknowledged by the juvenile through suggestions contained in this Revision to the Budget Act of 2000 for the 2000–01 year. (c) A corporation may not issue a warranty under this part unless it determines that the following requirements are satisfied:(1) There is a very low probability that the loan being guaranteed would be granted by way of means of a financial firm or bank under acceptable terms and conditions and the debtor has shown a reasonable possibility of repayment. (2) The loan proceeds will be used exclusively in this nation. (3) The loan qualifies as a small business loan or an employment incentive loan. (4) The borrower has a minimum equity interest in the company depending on the directives and requirements. (5) As a result of the loan being guaranteed, the tasks generated or kept reveal reasonable conformance to any directives and requirements specifying employment criteria. (Added by Stats. (AB 1247) Powerful 71. (a) Among other priorities, companies will give high priority to the issuance of loan guarantees to small business incubators and also to companies that rent space in incubators. (b) For the purposes of the section,”incubator” means a center that enables new small companies to maximize their likelihood of success by sharing needed funding equipment, components, and facilities, including, but aren’t restricted to, the following:(1) Reception and meeting area. (2) Secretarial solutions, like collating, telephone answering, or mailhandling